By Darrell Martin
With all of the recent activity in the financial world centered on what happened between the Swiss franc and the euro, traders may be curious about any news coming from that side of the world.
In all parts of the world, life goes on and these news reports show the rest of the world that fact is true.
The reports being released tell the rest of the world about things like unemployment, change in prices and purchasing trends for the European Public. For example, the Unemployment Rate is one of the reports being released.
It is released monthly and if you look back over the last six months, it has remained constant at 11.5 percent.
Also being released are the Consumer Price Index (CPI), Core CPI, Italian Producer Price Index (PPI) and Greek Retail Sales reports. All of these feed into affecting your trading on the EUR because they measure change in prices which can be an indicator of inflation.
If any of these reports come out with higher-than-expected readings, it should be regarded as positive or bullish for the EUR. If lower, then it should be taken as negative or bearish.
It should be noted, however, that the Core CPI is the European Central Bank’s mandated inflation target and as such does not have as great an impact.
Because all six of these reports will be released at 5:00 a.m. EST Friday, January 30, 2015, you can enter your trade as early as 11:00 p.m. on Thursday, January 29, 2014. The trade you will want to try is an Iron Condor using EUR/USD on Nadex Spreads.
The expiration time of 7:00 a.m. should give your trade plenty of time for movement. Buy a lower spread and sell an upper spread having the ceiling of the lower equal to the floor of the upper.
You want to find spreads that will give you at least $35 minimum profit. If there is not enough premium for this in the spreads, then there is no trade.
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